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Hockey WC: Top Hockey India official yells at Indian players

BHUBANESWAR: A top Hockey India (HI) official yelled at Indian players here at the Kalinga Stadium on Tuesday during the crossover match of the ongoing World Cup between Netherlands and Canada. A former India international player, who was present at the scene, witnessed the incident in the VIP lounge of the stadium. He later spoke to, saying that the ... Read More »

IPL 2019 auction: No Indian cricketer in highest base price bracket

NEW DELHI: No Indian cricketer figures in the highest reserve price bracket of Rs 2 crore, in a pool of 346 cricketers who will go under the hammer at the IPL Player Auction in Jaipur on December 18. While 1003 players had initially registered, the final list has been pruned after the eight franchises submitted their shortlist of players, a ... Read More »

Adelaide win brought back memories of 2003: Sachin

NEW DELHI: Sachin Tendulkar on Monday said India’s thrilling 31-run win in Adelaide reminded him of the historic Test in 2003 when Rahul Dravid and Ajit Agarkar scripted a famous victory. The visitors won a tightly-contested opening Test by 31 runs to take a 1-0 lead in the four-match series at the Adelaide Oval. This was India’s sixth Test win ... Read More »

JSW Steel to raise funds up to Rs 3,500 crore via domestic bond: Report

JSW Steel is reportedly planning to raise funds up to Rs 3,500 crore via a domestic bond sale to partly finance its Rs 19,500-crore acquisition of Bhushan Power & Steel. The company is aiming to sell about Rs 3,000-3,500 crore of bonds and for this purpose the company is in discussion with lenders Standard Chartered, Credit Suisse and Deutsche Bank. ... Read More »

HCL signs new five-year contract with Aegon

HCL Technologies (HCL) has entered into a new five-year contract with multinational life insurance, pensions and asset management company Aegon. The application services deal will see HCL continue as Aegon’s digital transformation partner, helping to accelerate innovation by establishing and managing a new multi-vendor ecosystem. HCL will also help implement an agile delivery model to reduce Aegon’s time to market ... Read More »

Midvalley Entertainment to de-invest entire investment made in subsidiary

Midvalley Entertainment has received an approval to de-invest the entire investment made in the subsidiary viz Midvalley Contents & Distribution. The Board of Directors of the company at its meeting held on December 10, 2018, considered and approved the same. Midvalley Entertainment is strategically and strongly ramping up itself in southern Peninsula with the aim of creating unbeatable presence in ... Read More »

India vs Australia: India beat Australia by 31 runs, take 1-0 lead

ADELAIDE: India won their first Test on Australian soil in a decade Monday, bowling out the home side in a nail-biting finale to clinch the opening match of the series at Adelaide Oval with Rishabh Pant equalling a world-record along the way. AS IT HAPPENED | BLOG | SCORECARDWith this victory, Virat Kohli became the first Asian captain to win ... Read More »

Adelaide Test: India close in on victory after Australia collapse

ADELAIDE: Spinner Ravichandran Ashwin and paceman Mohammed Shami combined to tear through Australia’s top order and bring India within six wickets of victory in the series-opening Test on Sunday. SCORECARD Shaun Marsh was 31 not out and Travis Head on 11, the pair fighting a desperate rearguard action to nudge Australia to 104 for four at stumps on day four, ... Read More »

Vice President: President’s range and depth of ideas is immense

The books are collection of 95 of his selected speeches out of a total of 243 speeches made by the President in the first year of his office. They have been divided into 8 sections. Speaking on the occasion, Vice President M Venkaiah Naidu said that the valuable collection of speeches by the President captures India’s rich cultural mosaic and ... Read More »

Adelaide Test Day 3: India extend lead to 166 runs

The day 3 of the Adelaide test started with a 45-minute delay because of rain. And when play started, Mitchell Starc, the other overnight batsman with Tavis Head, came out looking to be positive and survived a few nervous moments against India’s pacers in his knock of 15. When play resumed once more, Nathan Lyon and Travis Head batted steadily. ... Read More »

Hockey World Cup: India beat Canada 5-1 to enter quarterfinals

BHUBANESWAR: There is something about this Indian team. Every time they are pushed into a corner, they manage to find their way out. It happened against Belgium and it happened again against Canada here at the Kalinga Stadium on Saturday. Schedule & Results | Points Table | Top Goal Scorers Almost flat for the first 45 minutes of play, India ... Read More »

UP CM Adityanath meets late inspector Subodh Kumar’s family

The chief minister met Singh’s wife and two sons at his Kalidas Marg residence. “The CM has given assurance to the victim’s family that they will remain like a family and there would not any disturbance in their studies,” UP DGP OP Singh, who was also present there, told reporters.He said Adityanath had decided that the government would pay off the education ... Read More »

Subros raises funds on preferential basis

Subros has raised funds on preferential basis. The Allotment Committee of the Board of Directors of the company at its meeting held on December 07, 2018, allotted 52,47,150 Equity Shares of Rs 2 each, on preferential basis, at a price of Rs 400 per Equity Share (including a premium of Rs 398 per equity share) to DENSO Corporation, Japan for ... Read More »

Advantage India as Ashwin, pacers keep Aussies on tight leash

ADELAIDE: India had the slight edge in a sedately-paced battle of attrition after senior off-spinner R Ashwin cleaned up the Australian top-order and a meticulous pace effort kept the home team’s scoring in check on the second day of the opening Test. SCORECARDTravis Head (61 batting) and Pat Cummins (10) kept Australia in the game with a 50-run partnership in ... Read More »

Gujarat Alkalies gets nod to establish 10,000 MTA Hydrazine Hydrate Project

Gujarat Alkalies and Chemicals has received approval to establish 10,000 MTA (80%) Hydrazine Hydrate Project through EPCM mode at revised estimated cost of Rs 405.50 crore including Interest During Construction (IDC). The Board of Directors of the company in its meeting held on December 6, 2018, approved the same. The project is planned to go on stream in 24 months ... Read More »

CRISIL revises ratings of Man Industries’ bank facilities

Credit rating agency, CRISIL has revised Man Industries’ long-term credit rating from ‘BBB+/Stable’ to ‘A-/Stable’ and the short-term credit rating from ‘A2’ to ‘A2+’. Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The main business line includes manufacturing & coating of Large Diameter Carbon steel pipes, Infrastructure, Realty & Trading. Read More »

Tata Motors’ arm reports retail sales of 48,160 units in November 2018

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported total retail sales of 48,160 vehicles in November 2018, down 8.0% year-on-year reflecting continuing challenging market conditions in China while other major markets were up. Retail sales were up significantly in North America (18.1%) due to strong sales of Range Rover models in Jaguar Land Rover’s best ever ... Read More »

Oscar Global to dispose undertakings including land, building

Oscar Global has decided to sell, lease or otherwise disposing of the whole or substantially the whole of the undertaking of the company (including Land & Building). The resolution regarding this has been passed with the requisite majority, on December 6, 2018. Oscar Global was incorporated in 1990 by a private Indian party and mainly produces Leather apparel & clothing ... Read More »

NTPC likely to buy central government’s stake in SJVN

NTPC is likely to acquire the central government’s stake in SJVN. But, the acquisition deal is stuck because of resistance from Himachal Pradesh government and the company is discussing about it. SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79% stake and the latter holding 26.85% at the end of September. NTPC ... Read More »

Gujarat Alkalies to expand existing Caustic Soda Plant at Dahej

Gujarat Alkalies and Chemicals has received an approval for the expansion of existing Caustic Soda Plant of Dahej Complex from 785 MTPD to 1200 MTPD and also installation of 65 MW of Coal based Power Plant at Dahej at an estimated aggregate cost of Rs 825 crore. The Board of Directors of the company in its meeting held on December ... Read More »

CCEA approves sale of government stake in REC to PFC

The Cabinet Committee on Economic Affairs (CCEA) has given in principle approval for strategic sale of the Government of India’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) for an estimated Rs 15,000 crore, along with transfer of management control. PFC provides large range of financial products and services like ... Read More »

L&T’s construction arm bags orders worth Rs 2,547 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,547 crore. The company’s Power Transmission & Distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220kV Transmission Line between Dar es Salaam and Morogoro which in turn ... Read More »

AstraZeneca Pharma inks distribution agreement with Abbott

AstraZeneca Pharma India and Abbott have entered into a Distribution Agreement for the distribution of Dapagliflozin, an innovative Type 2 diabetes medicine, in India. Dapagliflozin is company’s leading diabetes medicine. Under the agreement, Abbott will promote and distribute Dapagliflozin under the brand name GLEDEPA. Abbott will also gain the rights to promote and distribute the combination of dapagliflozin with metformin ... Read More »

Jet Airways seeks soft financing of $350 million from Etihad Airways

Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as the airline continues to hold discussions with the latter to offload additional stake in the carrier. In 2013, Etihad Airways had acquired 24% stake in the airline for Rs 2,060 crore, besides extending low-interest loan of $150 million as well as purchasing 50.1% ... Read More »

Majesco makes strategic moves to accelerate cloud growth

Majesco has filed a registration statement relating to a rights offering to all shareholders in which it expects its parent company will invest an estimated $35 million that it raised through a Qualified Institutional Placement in India in February 2018. The funds will be used to support three strategic areas of Bolster Majesco’s Balance Sheet to Fund Future Acquisition Opportunities, ... Read More »

Khadim India raises Rs 30 crore via Commercial Paper

Khadim India has raised fund through issuance of Commercial Paper (CP) for an aggregate amount of Rs 30 crore. The date of issue is December 06, 2018 and the instrument will mature on December 06, 2019. Khadim India operates as a footwear retailer in India under the brand Khadim’s. It also engages in the manufacture and sale of footwear. The ... Read More »

Trigyn Technologies’ arm extends contract with United Nations

Trigyn Technologies’ wholly owned subsidiary — Trigyn Technologies, Inc. and United Nations for the provision of communication and information technology staffing support at the UN Missions and other UN offices have extended contract for six additional months from the expiration date on December 31, 2018. The revised contract term will now expire on June 30, 2019, unless earlier terminated in ... Read More »

IndiGo becomes first domestic airline to have 200 aircraft in its fleet

InterGlobe Aviation (IndiGo) has become the first domestic airline to have 200 aircraft in its fleet. Four new aircraft have joined the fleet, including town Airbus A320 ceo (VT-IKA and VT-IKB) and two A320 neo (VT IZK and VT-IZI) taking the fleet count to 200 and number of deliveries to 226. With the addition of VT-IZI, the airline has become ... Read More »

Zydus Wellness enters into separate share subscription agreements

Zydus Wellness has entered into separate share subscription agreements (SSAs) with True North Fund V LLP and True North Fund VI LLP, Pioneer Investment Fund, Cadila Healthcare and Zydus Family Trust, for subscribing to the equity shares of the company, proposed to be issued on a preferential basis. Zydus Wellness is an integrated consumer company. The company is engaged in ... Read More »

Cadila Healthcare enters into agreement with Zydus Wellness

Cadila Healthcare has entered into a share subscription agreement (SSA) with Zydus Wellness (ZWL), a subsidiary Company, to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 1174.99 crore. Cadila Healthcare is an India-based pharmaceutical company. The company’s subsidiaries include Zydus Wellness, Liva Pharmaceuticals, Biochem Pharmaceutical Industries, Zydus Technologies, German Remedies, Dialforhealth India, Dialforhealth ... Read More »

Techno Electric bags orders worth Rs 313 crore

Techno Electric & Engineering Company has received new / additional orders amounting to Rs 313 crore from reputed existing as well as new customers, when the shares of the company was in the process of listing, post amalgamation. Techno Electric & Engineering Company is a provider of engineering, procurement and construction (EPC) services to core sector industries in India. The ... Read More »

Government sells 2.21% stake in Coal India to CPSE ETF

Government has sold 2.21%, i.e. 13,73,11,943 equity shares in Coal India to the central public sector enterprises (CPSE) ETF mutual fund scheme which is managed by Reliance Nippon Life Asset Management. Post-acquisition holding of promoter is 72.92% of equity share capital of the company. The government has garnered more than Rs 17,000 crore from the CPSE ETF follow-on offer, the ... Read More »

HCL Technologies to acquire Select IBM software products for $1.8 billion

HCL Technologies has entered into definitive agreement under which HCL will acquire Select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019. The software products in scope represent a total addressable market of more than $50 billion and include Appscan for secure application development, BigFix for secure device management, Unica (on-premise) for marketing automation and ... Read More »

Rajasthan elections: Voting underway for 199 assembly seats

Chief Minister Vasundhara Raje (Jhalrapatan), Congress state president Sachin Pilot (Tonk), former chief minister Ashok Gehlot (Sardarpura) are among the 2,274 candidates in the fray. The election in Ramgarh constituency of Alwar district was put off following the death of Bahujan Samaj Party candidate Laxman Singh. The results will be out on December 11, along with those from the other ... Read More »

Hindustan Zinc awarded at Indywood Built In India Excellence Awards 2018

Udaipur : Hindustan Zinc was awarded at Indywood Built In India Excellence Awards 2018 under the Metals and Minerals category. The Indywood Built In India Excellence Awards were held on 4th December 2018 at Hyderabad to recognize and felicitate the efforts made by organisations to boost the concept of ‘Make in India’ and make the country proud in the international ... Read More »

15 Days Old Saved From Rare Cardiac Defect : The baby made remarkable recovery and eventually was shifted to her mother’s bedside

Udaipur : Interventional Cardiologist team at Geetanjali Medical College & Hospital including Dr Kapil Bhargava, Dr. Ramesh Patel, Dr. Danny Kumar & Dr. Shalabh Agarwal successfully performed  a complex and complicated procedure called as “PDA Stenting” on 15 days old Baby of Ramijahan hailing from Udaipur who was suffering from Tetralogy of Fallot with Pulmonary Atresia. It has been claimed as ... Read More »

Cheteshwar Pujara ton helps India claw back against Australia

ADELAIDE: Cheteshwar Pujara scored a gritty 123 in punishing conditions to claw India back into the opening Test in Adelaide Thursday after Australia seized early control with some blistering bowling. Nathan Lyon, Pat Cummins, Josh Hazlewood and Mitchell Starc all grabbed two wickets each as temperatures topped 36 Celsius (96.8 Fahrenheit) and the tourists wilted to 250-9 at stumps on ... Read More »

Elecon Engineering plans to raise Rs 150 crore via NCDs

Elecon Engineering Company is planning to raise funds of upto Rs 150 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting to be held on December 10, 2018 to consider the same. Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment. Read More »

Cords Cable becomes vendor with RDA

Cords Cable Industries is approved as a vendor with Raipur Development Authority (RDA), Chhattisgarh for supplying 1.1 KV grade of instrumentation cables, control cables and power cables. This approval is valid for a period of 3 years and it shall enable the company to offer its approved list of cables towards the ongoing and upcoming projects of RDA. In addition ... Read More »

Milestone Furniture completes contract of Rs 233 lakh

Milestone Furniture has successfully completed the contract of Rs 233 lakh for interior and office furniture with Sudarshan Pharma industries Group having its office at Borivali. Further, the company is having in discussion to obtain contract of Rs 275 lakh for providing facility at godown and sales office for their infra projects. The Management of the Company has attended the ... Read More »

SpiceJet to launch 8 new direct flights from Hyderabad

SpiceJet is planning to launch 8 new direct flights from Hyderabad connecting Kolkata, Pune and Coimbatore, starting from January 01, 2019. The airlines will also add another six new seasonal flights and frequencies from Bengaluru to Kochi, Port Blair as well as Bagdogra in the state of West Bengal. These new flights are scheduled to be introduced between January 5 ... Read More »

PFC to acquire entire government holding in REC

The government is likely to consider Power Finance Corporation’s (PFC) proposal to acquire entire government holding in state-owned Rural Electrification Corporation (REC), which will fetch the government around Rs 15,000 crore. The proposal is PFC will acquire 52.63 per cent government stake in REC, along with transfer of management control. PFC provides large range of financial products and services like ... Read More »

Relaxo Footwears gets NCLT approval for scheme of amalgamation

Relaxo Footwears has received an approval of the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, to the Scheme of Amalgamation between Marvel Polymers, Relaxo Rubber and the company and their respective shareholders and creditors. Relaxo Footwears is engaged in the manufacturing and trading of footwear and related products. The principal activity of the company is the manufacture of ... Read More »